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<p style="text-align: left;"></p><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/8Ms/4b167ea03ef63190cc5e94602b6b15478c6bce12" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/8Ms/4b167ea03ef63190cc5e94602b6b15478c6bce12" data-origin-width="1366" data-origin-height="1199"></div><div class="figure-img" data-ke-type="image" data-ke-style="alignCenter" data-ke-mobilestyle="widthOrigin"><img src="https://t1.daumcdn.net/cafeattach/8Ms/3c4e577cbec46601309cdbe6cbf0cc1604d1bcfa" class="txc-image" data-img-src="https://t1.daumcdn.net/cafeattach/8Ms/3c4e577cbec46601309cdbe6cbf0cc1604d1bcfa" data-origin-width="2000" data-origin-height="1200"></div><p style="text-align: left;"><br>만기 주가지수 1120 포인트를 대입해보면 이상한 값이 나오는데 (ex. 주가 1200 이상시, -1120+1253 = 133)<br>이건 어떤 의미인가요?<br><br>이항모형에서는 만기때 주가를 대입해야 올바른 값이 나왔는데 이 문제는 왜 안되는지 궁금합니다</p>
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